Dollarama Inc (TSE:DOL) had its price objective upped by equities research analysts at Scotiabank from C$143.00 to C$162.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 20.25% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Barclays PLC lifted their price target on shares of Dollarama from C$123.00 to C$130.00 in a report on Friday. BMO Capital Markets lifted their price target on shares of Dollarama from C$141.00 to C$150.00 in a report on Friday. Desjardins raised shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$134.00 to C$154.00 in a report on Friday. Eight Capital lifted their price target on shares of Dollarama from C$140.00 to C$150.00 in a report on Friday. Finally, Raymond James Financial, Inc. lifted their price target on shares of Dollarama from C$140.00 to C$143.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$143.67.

Dollarama (TSE DOL) traded up 3.46% during mid-day trading on Friday, reaching $139.38. The company’s stock had a trading volume of 835,285 shares. Dollarama has a 52-week low of $93.27 and a 52-week high of $139.93. The company has a market cap of $15.83 billion and a price-to-earnings ratio of 36.09. The firm has a 50 day moving average price of $122.65 and a 200 day moving average price of $117.70.

Dollarama (TSE:DOL) last posted its quarterly earnings results on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $704.95 million for the quarter, compared to analysts’ expectations of $712.60 million. Dollarama had a net margin of 13.43% and a return on equity of 559.12%. Equities research analysts anticipate that Dollarama will post $4.37 earnings per share for the current year.

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In other news, Director Nicolas Hien sold 1,750 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of C$122.83, for a total value of C$214,952.50.

About Dollarama

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

Analyst Recommendations for Dollarama (TSE:DOL)

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